4 Nov 2015 - 2080 Revisit

With the SPX intra-day signals at a bearish state, price could continue to the 2080 level where the 75 MA of the 60min can be found.  I am going to be cautiously bearish here since our ST is still in OB.  When dealing with a smaller time frame in anticipating what the ST might do, we need to remember that if we are to put a short position on that we would only assume a temporary trade to the downside since the trade is not in agreement with the ST.  This should remain temporary as such, until the ST can turn down as well confirming the smaller time frame.  Only this scenario would you to add to the short position or keep the existing short.  The longer the signal stays in OS also will indicate the strength of the downward direction.  Reversals often sports a quick reversal from their extreme range.

SEN: Bearish
ST: UP
PA: UP